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Intermediary Leverage Cycles and Financial Stability Tobias Adrian and Nina Boyarchenko∗ June 15, 2015 Abstract We present a theory of financial intermediary leverage cycles within a dynamic model of
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Document Date: 2015-06-30 02:31:34
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Intermediary Leverage Cycles and Financial Stability Tobias Adrian and Nina Boyarchenko∗ June 15, 2015 Abstract We present a theory of financial intermediary leverage cycles within a dynamic model of